Blostem aims to “Create a Digital Secured Lending Network by Connecting Financial Ecosystem Participants by leveraging the power of Blockchain while maintaining Data Privacy and enabling Asset Traceability through Tokenization of Real World Assets. We have started with the Fixed Deposit Tokenisation by integrating with one Bank in India and the same is being be enabled for secured lending digitally.
Startup Description
Blostem Fintech Private Limited is an India (New Delhi) based, ‘Start-up India’ registered, Fintech Company. The company was incorporated in Oct 2021 and has developed its Tech Product.
Product Screenshots
Business Model
We have B2B2C Business Model to partner with Lender’s and Distributor’s to leverage Customer base and enable Digital Secured lending through Seamless Embedded Journey’s via partner’s User Journey for friction-less customer experience. We are earning revenue by getting spreads from lenders (for providing collateral), Earning Ping Fees through Assets Discoverability APIs provided to lenders, Assets Origination fees charged from Assets issuer for origination of new business.
Customers
based in
India
Business
Modal Type
Marketplace
Type of
Sales
B2B
Competitors
We are category creator and opening up new quadrant for Digital secured loan space. Our competition is from traditional secured loan space.
Teams
Sandeep Garg
Co-Founder & CEO
Ravi Jain
Co-Founder & MD
Uday Sharma
Co-Founder & COO
Pankaj Pratap Singh
Co-Founder & CTO
Tell us a bit about how founding team knows
each other.
Ravi Jain & Sandeep Garg knows each other for last 11 years as both of them did MBA Together from IFMR, Chennai and were roommates. Uday and Sandeep knows each other for last 15 years as both of them did graduation from same college in DU. Pankaj and Uday has been workings together for last 4 years.
Why did you decide to start this
company?
Founding Team strongly believed in the business Idea and felt the strong demand for solving the problem of enabling Digital Secured Lending, thus started the Company.
Are all the founders full-time on this
project?
Yes
Looking for an
opportunity to invest in companies
like Blostem Fintech?
